Reselling Meaning: Definition, Examples, and Translations
๐
reselling
[หriหหsษlษชล ]
Definition
business transaction
Reselling refers to the act of purchasing goods from a manufacturer or a retailer and then selling them to another party, often at a higher price. This practice can occur in various markets and often allows sellers to earn a profit based on the difference between the buying and selling prices. Resellers commonly operate in industries like electronics, fashion, and collectibles. In some instances, reselling can take place online through platforms dedicated to connecting buyers and sellers. It plays a significant role in the economy by providing access to products that may be limited in availability.
Synonyms
Examples of usage
- She started reselling vintage clothing online.
- He is reselling concert tickets for a profit.
- The company focuses on reselling high-end electronics.
- They are reselling handcrafted items at markets.
Translations
To see the translation, please select a language from the options available.
Interesting Facts
Economics
- Reselling plays a crucial role in the economy by allowing goods to circulate, preventing waste, and promoting affordability.
- Second-hand markets have surged in popularity, with many finding it more sustainable and cost-effective.
Technology
- Online platforms and marketplaces, like eBay and Amazon, have transformed reselling, allowing individuals to reach global audiences effortlessly.
- The rise of mobile apps dedicated to reselling has simplified the process, making it accessible for everyone.
Pop Culture
- Reselling has become a trend in sneaker culture, where limited-release sneakers are bought and sold at inflated prices.
- Television shows and documentaries often highlight reselling success stories, showcasing how ordinary people can turn a profit.
Psychology
- The appeal of treasure hunting in reselling taps into the human desire for unique items and the thrill of finding a great deal.
- Resellers often experience satisfaction and fulfillment through the process of negotiation and trade.
Origin of 'reselling'
Main points about word origin
- The term combines 're-' meaning again, and 'selling', which comes from the Old English word 'sellan', meaning to give up or surrender.
- Reselling has roots in commerce, with recorded instances dating back to ancient marketplaces.
The term 'reselling' derives from the prefix 're-', meaning 'again' or 'back', and 'selling', which comes from the Old English word 'sellan' meaning 'to give'. The combination implies the act of selling again after acquiring goods through the initial purchase. The concept of reselling has been a fundamental part of commerce for centuries, with roots tracing back to ancient trade practices where goods were bought, traded, and exchanged among merchants and consumers. With the advent of the internet and e-commerce platforms, reselling has gained significant traction, enabling individuals to operate small businesses and make profits by connecting consumers with products that may not be easily accessible. This has also given rise to specific reselling communities and practices, leading to discussions around ethical implications, particularly in areas like ticket scalping and limited edition product sales.